what is your outlook for the economy, given all that we have going on, john? >> seems when we look at debt-to-gdp ratios, when we look at long term, it seems the argument is you will try to stablize debt-to-gdp at some very high level. we'll not be cutting that debt-to-gdp level down as some people would like. and i guess the question for us in the private sector is, is debt at a certain level relative to the gdp, is it going to stablize and how much can we depend upon low interest rates for a long period of time to help stablize that ratio? and will the global markets accept that? will the chinese and japanese be willing to accept large fiscal deficits in the united states, continuing to be refinanced over time, at what every the given interest rates in the marketplace are. very, very different story that what we traditionally think about in terms of fiscal policy in the united states. melissa: john, thank you so much. >> thank you. melissa: so we are expecting the president's official nomination of jack lew as treasury secretary shortly. we'll bring you thos